Connect with us

Cryptocurrency

How CHPZ Token is Powering Decentralized Sport Betting

Published

on

Reading Time: 3 minutes

 

The online betting industry has seen many innovations in the last few years as most bookmakers move from traditional sportsbooks to crypto betting. Even better, blockchain technology is catching up with the industry as new decentralized platforms enter the market. One such platform is Chipz, a decentralized betting platform powered by its own CHPZ token.

The CHPZ token will give users the access they need to participate on the Chipz platform as either bookmakers or bidders. According to the Chipz Whitepaper, the current Chipz Beta version will allow users to bet on any sports event provided by the platform’s oracle explorer. Although Chipz Beta only provides for NFL elements, Chipz’s developers claim that future versions will allow CHPZ holders to become bookmakers who create their own events.

Let’s look at how the CHPZ token powers this decentralized betting platform and opportunities for sports fans.

The Chipz Betting Platform

Before looking at the decentralized betting token, it is wise to understand the basics of the Chipz platform. As enthusiasts of gambling would have it, the future of betting is the ability to bet on anything.

Features of the Chipz platform that make it a pioneer of decentralized betting include:

  • No limits on the bets.
  • Absolutely no KYC procedure is required.
  • Betting on sports and any other events with uncertain outcomes.
  • Chipz is also introducing NFTs.
  • Lending protocol for fans who have run out of CHPZ.
  • Users can join the platform as bidders or as independent bookmakers.

The CHPZ token will come in handy as the currency that fuels transactions made by sports betting fans in the ecosystem.

How to Use the CHPZ Token

CHPZ is an Ethereum blockchain-based ERC-20 token that is circulated by the Chipz platform. The token will power all the betting processes on the platform. There are a total of 100M CHPZ tokens to be supplied – 20% of the total is locked for the Chipz team, with 5M to be released every 6 months.

Early adopters of the Chipz system can obtain CHPZ from Uniswap through the upcoming public sale. You will also be able to get CHPZ as a loan using your ETH or other Chipz partnered cryptos as collateral in later Chipz versions.

Once you have access to CHPZ, you can start participating in the betting ecosystem at any time and from anywhere.

You can use the CHPZ token in the following ways:

  • Stake on a bid
  • Create a booking instance
  • For governance in future versions

Staking using CHPZ

Chipz platform will only allow bids to be set using its CHPZ token. Once you stake on a bid, the smart contract will execute, and earnings will be deposited into the accounts of the winning bids.

If you stake using loaned CHPZ, you only earn if your bid wins. In case your stake loses, the loan will be executed and distributed to the winning bidders.

Staking using CHPZ will allow users to participate in global gambling markets without restrictions on staking amounts like most current bookmakers.

Using CHPZ to Create Booking Rooms

CHPZ gives you the option to participate as a bookmaker on the Chipz platform. You’ll use the token to pay for the room creation fees and any other fees pertaining to the smart contract.

When a smart contract is finalized, all earnings will be paid to the bookmaker in CHPZ token. Even better, despite being a host of betting rooms, you can also participate in other rooms as a bidder –  provided you have enough CHPZ.

In conclusion, the ability for sports betting fans to make good earnings using their CHPZ tokens – more so without limits and KYC demands – will only get better as the platform’s developers add more features.

Powered by WPeMatico

Continue Reading
Advertisement

Cryptocurrency

REEVO Announces Partnership with Deuces

Published

on

reevo-announces-partnership-with-deuces

Reading Time: < 1 minute

REEVO has announced a new partnership with Deuces, the leading crypto rewards platform offering Slots, Live Casino and Sportsbook experiences. This collaboration marks another exciting step in REEVO’s global growth strategy, expanding its reach into the fast-evolving world of crypto gaming and digital entertainment.

Through this partnership, REEVO’s portfolio of innovative and high-performing games will now be available on Deuces, giving players access to a wide selection of REEVO’s most engaging and top-quality titles. The collaboration combines Deuces cutting-edge blockchain technology and player reward system with REEVO’s proven expertise in content creation and aggregation.

Together, REEVO and Deuces will redefine the player experience, delivering speed, variety and excitement through a seamless, tech-driven ecosystem that rewards engagement like never before.

Karl Grech, Head of Business Development at REEVO, said: “Partnering with Deuces represents an exciting step into the crypto gaming space for REEVO. We’re joining forces with a brand that shares our forward-thinking approach to technology, entertainment, and player satisfaction. This collaboration is about creating new possibilities, connecting innovation with opportunity, and ensuring our games reach new audiences in dynamic and rewarding ways.”

Lucas Lima, Chief Marketing Officer at Deuces, said: “We are delighted to join forces with REEVO, bringing together our shared vision for innovation and player entertainment. This partnership will drive new levels of engagement, speed of delivery, and market reach for both organisations.”

The post REEVO Announces Partnership with Deuces appeared first on European Gaming Industry News.

Continue Reading

BC.GAME

BC.GAME Wins “Best Crypto Casino” at SiGMA Central Europe Awards 2025

Published

on

bc.game-wins-“best-crypto-casino”-at-sigma-central-europe-awards-2025

Reading Time: < 1 minute

 

Global crypto entertainment brand BC.GAME has been named “Best Crypto Casino 2025” at the SiGMA Central Europe B2C Awards, held this year in Rome. The result has been published via SiGMA’s official channels and industry media, with BC.GAME listed among the winners in the cryptocasino operator category.

As part of the SiGMA Central Europe 2025 event in early November, the B2C Awards focused on operators that have shown notable performance in online entertainment and sports betting over the past year. The “Best CryptoCasino 2025” category is specifically dedicated to platforms built around crypto assets as a core feature of their offering.

According to award-related communications and public review sources, BC.GAME’s recognition is linked to its integration of crypto payments, multi-vertical product line-up and ongoing development in Web3-oriented use cases. Several third-party reviews have highlighted BC.GAME as a representative example of a platform that supports multiple cryptocurrencies, combines casino and sports content, and designs features with on-chain users in mind.

BC.GAME noted that the award serves as a form of interim feedback on the platform’s long-term commitment to the crypto segment. The company plans to continue improving the user experience around crypto payments, cross-device product performance and content operations, while expanding sports and esports-related partnerships in markets where such activities are permitted by local regulation.

As a crypto-native operator, BC.GAME incorporates mechanisms such as provably fair verification into its product design and combines these with a native token and promotional structures to deliver an integrated casino and sports experience for crypto community users. With continued nominations and awards within the SiGMA framework and other international programmes, BC.GAME is increasingly regarded as a long-term player in the crypto entertainment vertical.

The post BC.GAME Wins “Best Crypto Casino” at SiGMA Central Europe Awards 2025 appeared first on European Gaming Industry News.

Continue Reading

Compliance Updates

Romania Bans Polymarket Over Illegal Cryptocurrency Betting Activities

Published

on

romania-bans-polymarket-over-illegal-cryptocurrency-betting-activities

Reading Time: < 1 minute

 

Romania’s National Office for Gambling (ONJN) has officially blacklisted Polymarket, a prominent prediction market that allows users to bet on future events, citing its operation as an unlicensed gambling platform. The decision comes amid heightened concerns over crypto-based betting during recent election cycles, where Polymarket reportedly saw trading volumes surpassing $600 million.

ONJN asserts that Polymarket’s “counterpart betting” model – where users wager against each other on future outcomes – falls squarely within the scope of Romanian gambling regulations. The regulator clarified that regardless of whether bets are placed using fiat currency or cryptocurrencies, they are legal gambling activities that require appropriate licensing. ONJN President Vlad-Cristian Soare emphasised that the issue is about compliance with the law, not technology, stating, “It’s about the law, not the platform’s blockchain foundation.”

Although Polymarket promotes itself as an “event trading” platform, ONJN concluded that its operational structure – where users place bets on the outcomes of unpredictable events and the platform earns commissions – meets the legal criteria of gambling. Consequently, Romanian internet providers are now mandated to block access to the platform.

The post Romania Bans Polymarket Over Illegal Cryptocurrency Betting Activities appeared first on European Gaming Industry News.

Continue Reading

Trending

Get it on Google Play

Fresh slot games releases by the top brands of the industry. We provide you with the latest news straight from the entertainment industries.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Recent Slot Releases is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania